The RMB exchange rate has appreciated sharply! The A-share market after the holiday may welcome the "bull market"!
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The RMB exchange rate appreciated sharply, and the exchange rate once again began a "big counteroffensive", with the offshore RMB appreciating by more than 200 points in September, breaking through the 6.9 mark and hitting a new high in five weeks.
If you look back at the appreciation of the renminbi against the US dollar since 2020, you will find that this appreciation may be just the beginning, after all, it will take time for the big ship to turn.
The depreciation pressure on the renminbi is easing, but the market still has to be wary of unilateral movements. As soon as the Fed entered the interest rate cut cycle, the dollar index began to decline as a whole, and the depreciation pressure on the RMB was also significantly eased.
I would like to stress that the renminbi has been appreciating steadily from August to September, and even broke through the "7" mark last week, which shows that foreign capital has been flowing steadily. So, it's safe to assume that we're in a sustainable bull market that won't end anytime soon.
The A-share market after the holiday may welcome the "bull market"!
Soaring from 2,700 points to 3,300 points, it took only five days for A shares! At this rate, October is not over yet, and 6,000 points are close at hand. On average, it is a 100-point rise every day.
At this time, some stockholders began to fantasize: if this kind of rise is every day, after 18 trading days in October, won't the Shanghai Composite Index easily return to 6,000 points? Even if the daily increase is only 100 points, the worst can touch 5,000 points.
This kind of "mad cow" scene even experienced old shareholders have to re-examine, as if to say: "I have witnessed history again"; And the new shareholders don't care so much, they just rush in and look in a hurry.
From now to the end of the year, and then to next year's data release, this half year should be a period of intensive policy introduction. Besides, there must be a process from the introduction of the policy to the effect, and it cannot be falsified during this time.
Many things are uncertain now, and to see the results of the A-share bull market, I am afraid we will have to wait until next year. Therefore, I think it is possible that this wave of market will last for half a year.
I estimate that this round of the market can reach at least 4,000 points, and even if there is a pullback after the holiday, it is also an opportunity. If you don't pull back, then chase it straight in, because this is a fast cow.
The current market, will not think about the 06 and 14 years of the bull market, the times are different, fast cattle have fast cattle practice, if you are still in hindsight, the soup is not drunk!